Globalization against Democracy: A Political Economy of Capitalism after its Global Triumph

Guoguang Wu

doi:10.1017/9781108116077

Globalization has reconfigured both the external institutional framework and the intrinsic operating mechanisms of capitalism. The global triumph of capitalism implies the embracing of the market by the state in all its variants, and that global capitalism is not confined to the shell of nation-state democracy. Guoguang Wu provides a theoretical framework of global capitalism for specialists in political economy, political science, economics and international relations, for graduate and undergraduate courses on globalization, capitalism, development and democracy, as well as for the public who are interested in globalization. Wu examines the new institutional features of global capitalism and how they reframe movements of capital, labor and consumption. He explores how globalization has created a chain of connection in which capital depends on effective authoritarianism, while democracy depends on capital. Ultimately, he argues that the emerging state-market nexus has fundamentally shaken the existing institutional systems, harming democracy in the process.

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Globalization against Democracy

A Political Economy of Capitalism after its Global Triumph

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Contents

Globalization against Democracy
pp i-ii

Globalization against Democracy - Title page
pp iii-iii

Copyright page
pp iv-iv

Dedication
pp v-vi

Contents
pp vii-vii

Figures and Tables
pp viii-viii

Acknowledgments
pp ix-xii

1 - Introduction
pp 1-29

2 - Capitalism in Institutional Reconfiguration by Globalization
pp 30-81

3 - Institutional Oligopoly and Embedded Coordination
pp 82-145

4 - Human (Im)mobility, Social Poverty, and Political Inability
pp 146-197

5 - The Shaping of the Caged Anarchy
pp 198-244

6 - Global Inequalities Challenge Democracy
pp 245-294

7 - Conclusion
pp 295-323

Index
pp 324-339

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Globalization against Democracy

A Political Economy of Capitalism after its Global Triumph

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